15,000 Shares in Best Buy Co., Inc. $BBY Acquired by Pensionfund Sabic

Pensionfund Sabic bought a new position in shares of Best Buy Co., Inc. (NYSE:BBY) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 15,000 shares of the technology retailer’s stock, valued at approximately $1,004,000.

A number of other institutional investors have also recently bought and sold shares of the stock. Harbor Capital Advisors Inc. boosted its holdings in shares of Best Buy by 69.3% in the third quarter. Harbor Capital Advisors Inc. now owns 337 shares of the technology retailer’s stock valued at $25,000 after buying an additional 138 shares during the period. Palisade Asset Management LLC acquired a new stake in shares of Best Buy during the third quarter worth $25,000. Root Financial Partners LLC bought a new stake in Best Buy in the 3rd quarter valued at $32,000. CYBER HORNET ETFs LLC bought a new stake in Best Buy in the 2nd quarter valued at $33,000. Finally, MUFG Securities EMEA plc acquired a new position in Best Buy in the 2nd quarter worth $38,000. Institutional investors own 80.96% of the company’s stock.

Best Buy Stock Down 2.0%

Shares of BBY stock opened at $60.46 on Thursday. The firm’s fifty day moving average price is $65.18 and its two-hundred day moving average price is $71.75. The company has a current ratio of 1.11, a quick ratio of 0.43 and a debt-to-equity ratio of 0.39. Best Buy Co., Inc. has a 1 year low of $54.99 and a 1 year high of $84.99. The firm has a market capitalization of $12.64 billion, a P/E ratio of 12.00, a PEG ratio of 1.52 and a beta of 1.46.

Best Buy (NYSE:BBY) last posted its quarterly earnings data on Tuesday, March 3rd. The technology retailer reported $2.61 EPS for the quarter, topping analysts’ consensus estimates of $2.48 by $0.13. The company had revenue of $13.81 billion during the quarter, compared to the consensus estimate of $13.96 billion. Best Buy had a net margin of 2.56% and a return on equity of 49.17%. The company’s quarterly revenue was down 1.0% on a year-over-year basis. During the same period in the prior year, the business posted $2.58 EPS. Best Buy has set its FY 2027 guidance at 6.300-6.600 EPS. On average, equities analysts predict that Best Buy Co., Inc. will post 6.18 EPS for the current fiscal year.

Best Buy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 14th. Investors of record on Tuesday, March 24th will be given a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a yield of 6.4%. This is a boost from Best Buy’s previous quarterly dividend of $0.95. The ex-dividend date of this dividend is Tuesday, March 24th. Best Buy’s payout ratio is currently 76.19%.

Key Stories Impacting Best Buy

Here are the key news stories impacting Best Buy this week:

• Positive Sentiment: Analysts and media are highlighting Best Buy’s long dividend track record — the company has raised its payout for 22 consecutive years and the yield sits around 6.1%, which supports income-focused demand for the shares. This underpins the stock’s appeal to dividend investors. Best Buy’s 6.1% Dividend Yield and 22-Year Streak Look Safe, but Here’s the Risk
• Negative Sentiment: Multiple senior executives sold shares on March 23 (including CEO Corie Barry, CFO Matthew Bilunas and several EVPs/insiders), reducing their holdings by roughly 7–13% in reported transactions — a pattern that can be read as a negative signal or profit-taking by insiders. Example SEC filing for the CEO sale: SEC Filing – CEO Sale
• Negative Sentiment: Recent commentary (Yahoo Finance) calls out risks for BBY tied to softer quarterly results and underperformance versus the S&P over the past six months, which may raise concerns about near-term growth and valuation even as the dividend looks attractive. 3 Reasons BBY is Risky and 1 Stock to Buy Instead

Insider Activity

In other Best Buy news, EVP Kathleen Scarlett sold 8,049 shares of the firm’s stock in a transaction that occurred on Monday, March 23rd. The stock was sold at an average price of $64.02, for a total value of $515,296.98. Following the completion of the transaction, the executive vice president directly owned 102,669 shares in the company, valued at $6,572,869.38. This trade represents a 7.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Corie S. Barry sold 42,869 shares of the business’s stock in a transaction that occurred on Monday, March 23rd. The stock was sold at an average price of $64.02, for a total value of $2,744,473.38. Following the transaction, the chief executive officer directly owned 523,138 shares in the company, valued at $33,491,294.76. This trade represents a 7.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 77,247 shares of company stock valued at $4,945,353. Corporate insiders own 0.47% of the company’s stock.

Analyst Ratings Changes

BBY has been the subject of a number of research reports. Telsey Advisory Group lowered their target price on Best Buy from $95.00 to $80.00 and set an “outperform” rating for the company in a report on Wednesday, March 4th. Wall Street Zen lowered Best Buy from a “buy” rating to a “hold” rating in a report on Saturday, January 10th. Piper Sandler reiterated a “buy” rating on shares of Best Buy in a report on Wednesday, March 4th. BNP Paribas Exane lifted their target price on Best Buy from $68.00 to $74.00 and gave the company a “neutral” rating in a research report on Wednesday, March 4th. Finally, Evercore restated a “buy” rating and issued a $75.00 target price on shares of Best Buy in a research note on Wednesday, March 4th. Nine equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Best Buy has an average rating of “Hold” and an average price target of $76.20.

About Best Buy

Best Buy Co, Inc is a leading North American consumer electronics retailer that sells a broad range of products including computers, mobile phones, televisions and home theater systems, major appliances, smart-home devices, gaming hardware and software, wearables and related accessories. The company operates through a mix of large-format stores, smaller specialty locations and an e-commerce platform, offering national and private-brand merchandise from major consumer-technology manufacturers as well as third-party sellers.

Beyond product retailing, Best Buy provides a suite of services aimed at installation, repair and ongoing technical support.